LTLA
ActiveSummary
LTLA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119,952 and a net result of €91,624. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 60% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+9
Solvency79▲+36
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 0.6 in 2023; short-term debt: 26.1% and cash: 30.7% of total assets), and 46.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
27 d late
2022
24 d late
2021
29 d late
2020
24 d late
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Frasnes-lez-Anvaing, Telecoms and IT sector#10 oldest company in Frasnes-lez-Anvaing, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€91,624▲ 225%
2023 · €28,162
Working capital
€49,885
2023 · -€27,239
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€45,368▲ 6.6%€74,198▲ 63.5%€47,215▼ 36.4%€37,534▼ 20.5%€119,886▲ 219%
Net result€34,481▲ 3.3%€56,984▲ 65.3%€35,122▼ 38.4%€28,162▼ 19.8%€91,624▲ 225%
Equity€14,660▲ 44.0%€29,044▲ 98.1%€33,166▲ 14.2%€28,328▼ 14.6%€119,952▲ 323%
Total assets€136,814▲ 107%€165,310▲ 20.8%€181,472▲ 9.8%€157,396▼ 13.3%€223,700▲ 42.1%
Debt€122,154▲ 118%€136,266▲ 11.6%€148,306▲ 8.8%€129,068▼ 13.0%€103,748▼ 19.6%
Working capital-€13,428-€8,166▲ 39.2%-€25,058▼ 207%-€27,239▼ 8.7%€49,885
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 219% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €223,700
Fixed assets
€115,401 ▼ 1.5%
Current assets
€108,299 ▲ 169%
Equity and liabilities €223,700
Equity
€119,952 ▲ 323%
Debt
€103,748 ▼ 19.6%
Debt's share of the balance-sheet total falls from 82.0% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,243▲
2023 · €56,167
Cash flow
€109,981▲
2023 · €46,795
Current ratio
1.85▲
2023 · 0.60
Debt to equity
0.86▼
2023 · 4.56
ROE
76.4%▼
2023 · 99.4%
ROA
41.0%▲
2023 · 17.9%
Interest coverage
84.07▲
2023 · 28.63
Debt ≤ 1 year
€58,414▼
2023 · €67,502
Debt > 1 year
€45,334▼
2023 · €61,566
Income taxes
€26,711▲
2023 · €7,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €250 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,617 | €8,508 | €15,452 | €18,633 | €18,357 | ▼ 1.5% |
| Other operating charges640/8 | - | €1,720 | €6,491 | €1,040 | €1,179 | ▲ 13.4% |
| Gross operating margin9900 | €61,619 | €84,426 | €69,158 | €57,457 | €139,422 | ▲ 143% |
| Operating profit (loss)9901 | €45,368 | €74,198 | €47,215 | €37,534 | €119,886 | ▲ 219% |
| Financial income75/76B | - | €1 | €1 | €25 | €94 | ▲ 280% |
| Recurring financial income75 | €50 | €1 | €1 | €25 | €94 | ▲ 280% |
| Financial charges65/66B | - | €1,557 | €1,904 | €1,962 | €1,644 | ▼ 16.2% |
| Recurring financial charges65 | €756 | €1,557 | €1,904 | €1,962 | €1,644 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €44,663 | €72,642 | €45,312 | €35,597 | €118,335 | ▲ 232% |
| Income taxes67/77 | €10,181 | €15,657 | €10,191 | €7,435 | €26,711 | ▲ 259% |
| Profit (loss) for the period9904 | €34,481 | €56,984 | €35,122 | €28,162 | €91,624 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | €34,481 | €56,984 | €35,122 | €28,162 | €91,624 | ▲ 225% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,814 | €165,310 | €181,472 | €157,396 | €223,700 | ▲ 42.1% |
| Fixed assets21/28 | €85,017 | €87,757 | €135,766 | €117,134 | €115,401 | ▼ 1.5% |
| Tangible fixed assets22/27 | €85,017 | €87,757 | €135,766 | €117,134 | €115,401 | ▼ 1.5% |
| Land and buildings22 | - | €75,073 | €72,748 | €70,423 | €68,098 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €619 | €463 | €307 | €1,542 | ▲ 402% |
| Furniture and vehicles24 | - | €12,065 | €62,555 | €46,403 | €45,761 | ▼ 1.4% |
| Current assets29/58 | €51,797 | €77,553 | €45,706 | €40,262 | €108,299 | ▲ 169% |
| Amounts receivable within one year40/41 | €37,659 | €61,781 | €30,057 | €34,056 | €39,585 | ▲ 16.2% |
| Trade receivables40 | - | €25,803 | €15,240 | €27,334 | €17,152 | ▼ 37.3% |
| Other amounts receivable41 | - | €35,978 | €14,817 | €6,721 | €22,434 | ▲ 234% |
| Current investments50/53 | - | €384 | €384 | - | - | - |
| Cash at bank and in hand54/58 | €14,138 | €15,388 | €15,265 | €6,206 | €68,714 | ▲ 1,007% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,814 | €165,310 | €181,472 | €157,396 | €223,700 | ▲ 42.1% |
| Equity10/15 | €14,660 | €29,044 | €33,166 | €28,328 | €119,952 | ▲ 323% |
| Contributions10/11 | - | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €6,600 | €8,584 | €12,706 | €7,868 | €99,492 | ▲ 1,165% |
| Amounts payable17/49 | €122,154 | €136,266 | €148,306 | €129,068 | €103,748 | ▼ 19.6% |
| Amounts payable after more than one year17 | €56,329 | €50,547 | €77,542 | €61,566 | €45,334 | ▼ 26.4% |
| Financial debts170/4 | - | €50,547 | €77,542 | €61,566 | €45,334 | ▼ 26.4% |
| Amounts payable within one year42/48 | €65,225 | €85,719 | €70,764 | €67,502 | €58,414 | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | - | €17,282 | €30,723 | €23,476 | €46,232 | ▲ 96.9% |
| Trade debts44 | €706 | €619 | €1,419 | €1,794 | €589 | ▼ 67.2% |
| Suppliers440/4 | - | €619 | €1,419 | €1,794 | €589 | ▼ 67.2% |
| Taxes, remuneration and social security45 | - | €12,035 | €6,839 | €8,449 | €10,810 | ▲ 27.9% |
| Taxes450/3 | - | €12,035 | €6,839 | €8,449 | €10,810 | ▲ 27.9% |
| Other amounts payable47/48 | - | €55,783 | €31,783 | €33,783 | €783 | ▼ 97.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,481 | €56,984 | €35,122 | €28,162 | €91,624 | ▲ 225% |
| + Depreciation and write-downs630 | €14,617 | €8,508 | €15,452 | €18,633 | €18,357 | ▼ 1.5% |
| Operating cash flow (approximation) | €49,098 | €65,492 | €50,574 | €46,795 | €109,981 | ▲ 135% |
| Investment in fixed assets (approximation) | - | -€11,248 | -€63,461 | €0 | -€16,624 | - |
| Change in cash | - | €1,250 | -€123 | -€9,059 | €62,507 | ▲ 790% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €91,624 ▲225%
Operating result €119,886, net result €91,624, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.85
Current ratio from 0.60 to 1.85; short-term debt falls from €67,502 to €58,414.
31-12
Financial
Equity above €100,000Eq €119,952 ▲323%
7 profitable years in a row build equity to €119,952.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 1 establishment unit since 2017
Ground area
1.0 ha
Building footprint
759 m²
Volume, LiDAR
3,646 m³
2 parcels, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LTLA
since 20172.260.795.529
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57055B0367/00N000indicative | Wallonia | 9,012 m² | 1 · 651 m² | 9.0 m · 1 fl. |
| 57055B0372/00F000 | Wallonia | 1,350 m² | 1 · 108 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
64210Activities of holding companies
85592Vocational training
85599Other education
Contact
E-mail
thibaud.varrasse@ltla.beFrasnes-lez-Anvaing
Phone
0477/63.98.43Frasnes-lez-Anvaing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670546548
Registered
01-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.